A Firm Sells Its Product to Two Groups of Buyers

question 6

Multiple Choice

A firm sells its product to two groups of buyers: daytime buyers and nighttime buyers.There are 50 daytime buyers,all of whom have identical demands given by D_D in the figure below.There are 50 nighttime buyers,all of whom have identical demands given by D_N in the figure below.The firm's variable costs are constant SMC = AVC = $12) and its total fixed cost is $250,000.The marketing director must devise a two-part pricing plan that will maximize the firm's profit. How much profit will the firm earn by charging the optimal access charge and optimal access fee remember that there are 50 daytime and 50 nighttime buyers) ?

• A)$80,600
• B)$90,600
• C)$124,600
• D)$185,600
• E)$215,600

Understand the primary goal of life according to Rogers and the concept of fulfilling one's inborn capacities.

Comprehend the structure and facets of the Big Five personality traits.

Recognize the historical effort in cataloging personality traits, how traits are assessed, and their descriptive nature.

Distinguish between different theoretical approaches to personality, including humanistic, trait, and cognitive-social theories.

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Definitions:

Consumption

Consumption is the act of using goods and services by households or individuals.

MPS

Marginal Propensity to Save, expressing the portion of additional income that a household saves rather than spends.

Disposable Income

The amount of money that households have available for spending and saving after income taxes have been accounted for. It is a key indicator of economic health and consumer spending.

Consumption

The consumption of products and services by families, an essential element in measuring a nation's Gross Domestic Product (GDP).